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Historical Year Data · 1981

South Korea Current Account (% GDP, WEO) in 1981

South Korea Current Account (% GDP, WEO) opened 1981 at -8.64% and closed at -8.64%, a +0.00% move for the year. The high of -8.64% was reached on December 31, and the low of -8.64% on December 31.

Open
-8.64%
1981-01
Close
-8.64%
1 data points
High
-8.64%
Dec 31
Low
-8.64%
Dec 31
Full Year Change
+0.00%
1980 Change
+0.00%

Monthly Breakdown

MonthOpenCloseHighLowChange
Dec-8.64%-8.64%-8.64%-8.64%+0.00%

Events During 1981

1979 Volcker Shock
Stagflation
October 1979 – August 1982

Paul Volcker's Fed raised interest rates to 20% to break entrenched inflation. The policy triggered the deepest post-war recession but ended the stagflation era and established inflation-targeting credibility.

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